Toupargel Groupe Reports Unaudited Sales Results for Third Quarter and Nine Months of 2016; Provides Earnings Guidance for the Year 2016
For the nine months, the company sales declined 4.6% to EUR 209.5 million compared to EUR 219.7 million a year ago, with two additional selling days compared with the year-earlier period.
The Group is pursuing its 2013-16 strategic plan and maintaining its targets for earnings and reduction in net debt. Management projects capital expenditure in the region of EUR 6 million in 2016.